Aberdeen Group plc Purchases 36,043 Shares of GlobalFoundries Inc. $GFS

Key Points

• Aberdeen Group plc increased its stock holdings in GlobalFoundries Inc. by 110.8%, owning 68,584 shares valued at approximately $2.53 million as of its latest SEC filing.
• Several hedge funds made significant changes to their positions in GlobalFoundries during the first quarter, with Nuveen LLC acquiring a new stake worth about $8.53 million.
• Averaging among analysts, GlobalFoundries has a rating of "Moderate Buy" with an average price target of $44.92, while some brokerages have adjusted their individual target prices downwards.

Aberdeen Group plc boosted its stake in GlobalFoundries Inc. (NASDAQ:GFS - Free Report) by 110.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,584 shares of the company's stock after purchasing an additional 36,043 shares during the quarter. Aberdeen Group plc's holdings in GlobalFoundries were worth $2,531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GFS. Pacer Advisors Inc. lifted its holdings in shares of GlobalFoundries by 8,540.7% during the 1st quarter. Pacer Advisors Inc. now owns 2,472,634 shares of the company's stock worth $91,265,000 after acquiring an additional 2,444,018 shares during the period. Analog Century Management LP bought a new stake in shares of GlobalFoundries during the 4th quarter worth approximately $50,298,000. BNP Paribas Financial Markets bought a new stake in shares of GlobalFoundries during the 4th quarter worth approximately $22,912,000. Adage Capital Partners GP L.L.C. bought a new stake in shares of GlobalFoundries during the 4th quarter worth approximately $16,091,000. Finally, Balyasny Asset Management L.P. bought a new stake in shares of GlobalFoundries during the 4th quarter worth approximately $11,778,000.

GlobalFoundries Trading Down 0.2%

NASDAQ:GFS traded down $0.06 on Monday, reaching $34.43. 1,944,744 shares of the stock traded hands, compared to its average volume of 2,100,942. The company has a current ratio of 2.63, a quick ratio of 1.92 and a debt-to-equity ratio of 0.13. GlobalFoundries Inc. has a 1-year low of $29.77 and a 1-year high of $47.69. The company's 50 day moving average is $37.46 and its 200-day moving average is $37.37. The firm has a market capitalization of $19.04 billion, a price-to-earnings ratio of -163.94, a price-to-earnings-growth ratio of 1.13 and a beta of 1.50.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.55%. The firm had revenue of $1.69 billion during the quarter, compared to analyst estimates of $1.68 billion. During the same quarter last year, the business earned $0.38 EPS. The company's revenue was up 3.4% compared to the same quarter last year. GlobalFoundries has set its Q3 2025 guidance at 0.330-0.430 EPS. Equities research analysts anticipate that GlobalFoundries Inc. will post 1.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Wedbush cut their price target on shares of GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday, August 6th. Argus assumed coverage on shares of GlobalFoundries in a report on Tuesday, July 1st. They issued a "buy" rating and a $52.00 target price for the company. Wall Street Zen cut shares of GlobalFoundries from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Morgan Stanley dropped their target price on shares of GlobalFoundries from $38.00 to $35.00 and set an "equal weight" rating for the company in a report on Wednesday, August 6th. Finally, Citigroup increased their target price on shares of GlobalFoundries from $35.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, July 7th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, GlobalFoundries currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.92.

GlobalFoundries Profile

GlobalFoundries Inc, a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units.